Dogecoin miners for sale; What is the next DOGE price target?

Since last year, interest in Dogecoin (DOGE) has waned, and even miners who normally hold their holdings for the long term have sold significant amounts of their DOGE holdings in the last two months. According to reports, from August to October, DOGE miner holdings dropped from 4.67 billion to 4.35 billion DOGE, representing a decrease of about $53 million.
Usually, miners wait for the price to rise to sell their holdings, but their tendency to sell at low prices is due to their lack of confidence in the price of Dogecoin going up in the future. This sales pressure from miners can help to continue reducing its price.

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Beginning

The sale of Dogecoin by miners from August 17 to October 5 may indicate that the selling process is now over. If this is the case, the price drop of Dogecoin may stop for now. However, if miners continue to sell, it is likely to have a different effect on the price of Dogecoin.
In the meantime, factors such as the decrease in the number of daily active addresses and sales by whales have also contributed to the decline in the price of Dogecoin. If this trend continues, the price of Dogecoin is likely to fall below the support level of $0.06 in the future.